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The impact of corporate governance on financial control

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Abstract

This study explores the impact of corporate governance on financial control by studying manufacture industry. Results show that factors such as the percentage of shares held by the controlling shareholder, independent directors system, and the degree of activeness of the board of directors all have marked influences on financial control. Suggestions for financial management improvement are also discussed.

摘要

以代理理论为指导,运用我国制造业上市公司调查数据和公开数据,考察了公司治理对财务控制的影响。 实证研究发现,第一大股东持股比例、 独立董事制度、 董事会活跃程度等因素对财务控制效果有显著影响,据此提出相关建议。

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Author information

Correspondence to Xinsheng Cheng.

Additional information

Translated and revised from Kuaiji yanjiu 会计研究 (Accounting Research), 2007, (3): 47–54

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Cheng, X., Ji, Y. & Wang, L. The impact of corporate governance on financial control. Front. Bus. Res. China 2, 385–396 (2008) doi:10.1007/s11782-008-0023-6

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Keywords

  • corporate governance
  • financial control
  • effectiveness

关键词

  • 公司治理
  • 财务控制
  • 效果